Polymarket hit by $ 160m controversy if Ukraine president Zelensky wore a suit with NATO
Crypto -focused Crypto Polymarket predictions faced a fresh dose of criticism this week related to a market if Ukrainian president Volodymyr Zelenskyy would wear a suit before July.
More than $ 160 million crypto worth is bet on the marketWith the initial outcome of the “yes” controversial by the validators behind the Uma, the Oracle Protocol that refers to the results.
The price of “yes” has fallen to $ 0.04 from $ 0.19, providing an implied possibility of outcome to only 4%. “Yes” voters are appealing, claiming that Zelenskyy really wore a suit at NATO Summit on June 24 and could have a foul playing Uma Validator to make the decision.
Validators hold Uma’s protocol tokens, which voted on the reality of real-world data encoded in the Oracle of the protocol. In theory, a large swathe of token holders can manipulate a result of their own choice.
This is not the first time there has been a division between polymarket and UMA communities. In March another Market with Ukrainian theme was beaten amidst the claims of manipulation from large Uma’s large holders.
“We all know the whales are trying to –rig UMA’s vote in the Zelensky suit market,” X User Atlantisis write. “But that doesn’t mean we should be quiet. It’s a critical moment of polymarket claimed to care about truth and decentralization so let’s handle it.”
Imtters took the side of the “yes” voterssaying “Zelenskyy wearing a suit in June 2025.”
On the other hand, the popular Menswear Influencer and writer who passed the moniker “Derek Guy” bets for $ 3.6 million in the market solving “no.” He stood up to make $ 72,000 if the stakes were successful.
A final market resolution will be held at 00:00 UTC on July 8.
